HomeGoldGold Fields South Deep mine reaches 3-year wage agreement

Gold Fields South Deep mine reaches 3-year wage agreement

South AfricaGold Fields has reached a three-year wage agreement with its registered trade unions at its fully mechanised, 3 500-employee South Deep gold mine, south-west of Johannesburg.

Gold Fields CEO Nick Holland
Gold Fields CEO Nick Holland

The agreement, which was signed on April 10, 2015 with the National Union of Mineworkers and UASA, will result in an average annual wage increases of 10% over the three-year period of the deal.

The wage increase took effect from April 1, 2015 following company-level negotiations in recognition of South Deep’s significantly different fully mechanised mining operating model and small, skilled labour profile to that of the other gold mining companies in South Africa.

As such, Gold Fields has had to give due consideration to the scarcity of mechanised mining skills in South Africa and has taken a holistic approach in its negotiations with labour.

Top Stories:

No resolve for Burkina Faso kidnapping at manganese mine

Universal Coal extends NCC lifespan to 20 years by trebling reserves

Northam Platinum offers BEE shares

Chantelle Kotze
Chantelle Kotze is a Johannesburg-based media professional. She is a contributor at Mining Review Africa (Clarion Events - Africa) and has created content for the media brand over the past 6 years.